RE: Bitcoin (BTC) Morning Update: An ABC ZigZag

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Bitcoin (BTC) Morning Update: An ABC ZigZag

in bitcoin •  7 years ago 

@Philakone thinks this way, what do you guys see, what is more likely?

DVq5EX1U0AA46Tf.jpg large.jpg

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      ·  7 years ago 

    DF73C2FE-CE71-4FD5-B68C-84F6B256AE3A.png

    Your wedge isn’t accurate. Even though it broke above resistance earlier, it still came down and you have to measure from the highest point

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      ·  7 years ago (edited)

    absolutely right. But Haejin's being bullish as often...
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        ·  7 years ago (edited)

      Here's my view of the current situation.. green line is the resistance mentioned in @Philakone's chart.. upper red is another major resistance.. Now, looking at the MACD and BB, price should be able to reach $9,1k-$9,2k.. That would, in my count be the E wave of the bearish wedge (white).. I believe that's when the price will reverse, but in my mind, only to around $7k, which is the lower line of the 2 month big bullish wedge.

      BTCUSD_10FEB.png

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          ·  7 years ago 

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